The New York City Bar Litigation Committee Presents Ethical Considerations of Third-Party Litigation Funding in Commercial Litigation

Panelists will cover legal-ethical and practice topics concerning the third-party litigation funding in commercial litigation. Litigation finance is a hot topic in commercial litigation funding. The legal funding market in the United States has grown precipitously in the less than two decades since its inception to a multi-billion dollar market today. The practice has become more prevalent and the vast majority of AmLaw 200 firms have considered or used litigation finance. Likewise, the NYCBA has previously hosted CLE’s concerning litigation finance and the NYCBA’s various committees have issued advisory publications concerning various issues pertaining to funding. This CLE will provide valuable insight on the newest issues in litigation funding. We aim to traverse the most basic topics, discussed in past CLEs, and focus predominantly on innovation in legal funding and new developments in the legal-ethical framework and jurisprudence. The panelists will address the most current state of affairs concerning disclosure of litigation funding arrangements, non-attorney ownership of law firms, and the growth of insurance products in funding transactions.